Weekly Roundup: FCPO as of October 10, 2025Weekly Roundup: FCPO as of October 10, 2025
Market Stance & Technical Bias
Stance: Bullish, based on a valid cup and handle formation evident across both daily and weekly timeframes.
Confidence Level: High for bullish continuation upon confirmation; medium until a decisive breakout is observed.
Price Action & Trend Structure
Cup and Handle Formation:
- Classic rounding bottom (“cup”) developed over multiple months, with a minor handle consolidation at the rim (4,614 MYR).FCPO1-_2025-10-11_21-34-16.jpg
- This pattern is one of the most reliable bullish continuation setups, especially when confirmed by increasing volume on breakout.
Trend Dynamics:
- Daily and weekly charts show sustained series of higher lows from the cup base (~3,700 MYR) up to the rim area.FCPO1-_2025-10-11_21-34-16.jpg
- The handle features shallow retracement, suggesting strong buyer interest and a controlled, healthy setup.
Key Technical Levels
| Level | Significance |
| --- | --- |
| 4,614 MYR | Cup rim; breakout trigger |
| 4,444–4,458 MYR | Handle support, minor pullback region |
| 4,268 MYR | Major trend support, bullish invalidation threshold |
| 5,200 MYR | Initial upside target post-breakout |
| 5,630–5,740 MYR | Measured move target for full pattern completion |
Candlestick & Volume Analysis
- Bullish price builds, with candles showing long lower wicks and closing nearer session highs just below rim resistance.FCPO1-_2025-10-11_21-34-16.jpg
- Volume has contracted during handle formation and increased on rallies to the resistance—ideal structure for an imminent technical breakout.FCPO1-_2025-10-11_21-34-16.jpg
- Watch for day/weekly closes above 4,614 MYR with volume surging 20–30% above recent averages to confirm the breakout and limit false signals.FCPO1-_2025-10-11_21-34-16.jpg
Trading Plan
**Entry:** Initiate long position only on clear daily/weekly close above 4,614 MYR with confirming volume.FCPO1-_2025-10-11_21-34-16.jpg
**Stop-loss:** Below handle lows (around 4,420 MYR) to manage breakout failure risk.
**Upside targets:**
- First: 5,200 MYR
- Second: measured-move target near 5,630–5,740 MYR (cup depth projection).
Risk management : Avoid anticipation; confirm breakout with price and volume. Tight stop-loss placement recommended.
Immediate Action Points
- Monitor price consolidation below 4,614 for compressing ranges and accumulation, indicating imminent momentum.
- Volume analysis critical—breakout must coincide with notably higher volume to validate move.
Summary Table
| Technical Signal | Status as of Oct 10, 2025 |
| --- | --- |
| Cup & handle valid? | Yes, clearly formed |
| Breakout entry level | 4,614 MYR |
| Confirmation needed | Price close + strong volume |
| Stop loss | 4,420 MYR |
| First target | 5,200 MYR |
| Full pattern target | 5,630–5,740 MYR |
Weekly Summary:
The FCPO chart as of October 10, 2025 presents a classic bullish cup and handle pattern. Traders should wait for a decisive daily or weekly close above 4,614 MYR, supported by robust volume, before acting. Initial and measured-move targets offer strong risk/reward if the breakout is confirmed. Immediate invalidation occurs below 4,420 MYR, while a failure at 4,614 MYR warrants patience until renewed bullish signals appear.
This analysis discounts all fundamental inputs and is driven entirely by price structure and technical expectation for FCPO.
CPOF2026 trade ideas
10/10/25 Bulls Want Weekly Candlestick to Close at High
Thursday’s candlestick (Oct 9) was a bull bar closing near its high with a small tail above.
In our last report, we stated that traders would observe whether the bulls could generate more follow-through buying above the September 17 high, or if the market would stall around that level instead.
The market continued to trade higher, testing near the August high.
The bulls got a retest near the August high.
They want a breakout above the August high, followed by a resumption of the trend.
They must create a strong breakout above the August high, accompanied by follow-through buying, to increase the odds of the market trading higher.
The bears see the current move as a buy vacuum retest of the August high.
They want a reversal from a double top bear flag (Aug 19 and Oct 9), and a larger double top bear flag with the February high.
If the market trades higher, they want a failed breakout above the August high.
Production for Oct should be down. SPPOMA's first 5 days increased up 12%.
Refineries' appetite to buy remains decent.
Export: Oct down in the first 5 days.
The bulls want the weekly candlestick to close near its high. That would increase the odds of next week trading at least a little higher.
The bears want a strong bear bar today so that the weekly candlestick will have a prominent tail above.
For today (Friday, Oct 10), traders will see if the bulls can create another strong bull bar.
Or will the bears be able to create a bear bar instead?
8/10/25 Bulls Still Need More FT Buying
Tuesday’s candlestick (Oct 7) was a bull bar closing near its high.
In our last report, we stated that traders would observe whether the bulls could create more follow-through buying above the 20-day EMA, or if the market would stall and reverse below it instead.
The market traded higher above the 20-day EMA.
The bulls view the recent move (Sep 23) as a deeper two-legged pullback and want a reversal from a double bottom bull flag (Aug 29 and Sep 23) and a large double bottom bull flag (Aug 4 and Sep 23).
They view the recent move (Sept 30) as a retest of the prior low (Sept 23), and want the pullback to lack follow-through selling, forming a higher low. So far, this is the case.
They want a retest of the August high, even if it only forms a lower high.
They must create follow-through buying above the 20-day EMA to increase the odds of the market trading higher.
The bears got a deep pullback and a breakout below the tight trading range (Sep 23), but the move lacked sustained follow-through selling.
They see the current move as a pullback and want the 20-day EMA to act as resistance.
They want a reversal from a large double top bear flag (Sept 17 and Oct 3), followed by another sideways to down leg to complete the wedge pattern.
They also observe a smaller wedge forming (Sept 26, Oct 3, and Oct 8).
They need to create strong bear bars below the 20-day EMA to increase the odds of a reversal.
Production for Oct should be down. SPPOMA's first 5 days increased up 12%.
Refineries' appetite to buy remains decent.
Export: Oct down in the first 5 days.
For today (Wednesday, Oct 8), traders will see if the bulls can create more follow-through buying above the 20-day EMA.
Or will the market trade higher but stall below the September 17 low instead?
Andrew
FCPO Weekly Roundup: Week Ending October 03, 2025— Strategic Commodity Insight — 🔶📊🌴
FCPO's technical posture is constructively bullish, as the price coils within a well-defined bull flag on the daily chart. This consolidation is acting as the "handle" for a larger "cup and handle" formation visible on both daily and weekly timeframes, a pattern that strongly suggests a potential upside continuation.
Detailed Analysis ✨
Cup and Handle / Bull Flag Formation: The market carved out a broad, rounding bottom (the "cup") from May through August. The subsequent pullback has formed a textbook descending channel (the "handle" or bull flag). This coiling price action is typical before a major trend resumption.
Supply Zone and Profit-Taking: The reason for the recent stalled momentum is clear: the price is grappling with the significant overhead supply zone between 4,450 and 4,724 MYR. This area represents prior highs where buyers are now exiting positions, causing intraday gains to fade as the market absorbs this trapped supply. Each attempt to break higher has been met with profit-taking, but the pattern of higher lows within the flag remains intact.
Breakout Potential: The price is now approaching the apex of the bull flag, suggesting a breakout is becoming more likely. A decisive close above the flag's upper trendline (currently near 4,525 MYR) would be the first signal, with confirmation on a move above the cup's rim at the 4,614–4,724 MYR resistance zone.
Updated Key Levels and Outlook 🎯
Immediate Resistance: The upper channel line of the bull flag around 4,525 MYR.
Major Breakout Level: A sustained close above the 4,614 MYR pivot is required to validate the cup-and-handle pattern and trigger the next leg higher.
Primary Support: The base of the handle at 4,262–4,214 MYR remains the critical level to hold. A break below this would invalidate the bullish setup.
Takeaway: The combination of a cup-and-handle pattern with a bull flag handle points to a high probability of an upside resolution in the coming week. While sellers at the supply zone are providing friction, the underlying structure suggests buyers are accumulating strength for a breakout attempt. Watch for a close above 4,614 MYR to confirm the start of a new uptrend 🚀
FCPO Week 41 2025: 4100 or 4600?2 scenarios next week MYX:FCPO1! :
1) Bullish: if price close above 4490 then it is bullish towards 4600.
2) Bearish: if price close below 4330 then it is bearish towards 4100.
3) Consolidation: If you trade consolidation there are about plus minus 150 points in between bullish and bearish scenarios.
Happy trading and good luck!
13/10/25 Can Bears Create FT Selling or Retest High Instead?
Friday’s candlestick (Oct 10) was an outside bear bar closing in its lower half with prominent tails.
In our last report, we stated that traders would observe whether the bulls can create another strong bull bar or if the bears are able to create a bear bar instead.
The market traded higher but lacked follow-through buying and reversed into a bear bar. The weekly candlestick closed with a prominent tail above.
The bulls got a retest near the August high.
They want a breakout above the August high, followed by a resumption of the trend.
They must create a strong breakout above the August high, accompanied by follow-through buying, to increase the odds of the market trading higher.
If the market trades lower, they want the 20-day EMA to act as support.
The bears see the current move as a buy vacuum retest of the August high.
They want a reversal from a double top bear flag (Aug 19 and Oct 10), as well as a larger double top bear flag with the February high.
The bears must create consecutive bear bars to increase the odds of a deeper pullback.
If the market trades higher, they want a failed breakout above the August high.
Production: fSPPOMA's first 5 days increased up 12%.
Refineries' appetite to buy remains decent.
Export: Oct up 9% for the first 10 days as per ITS.
For today (Monday, Oct 13), traders will see if the bears can create a follow-through bear bar, even if it is only a bear doji.
Or will the bears be able to completely reverse the Friday pullback instead?
Andrew
9/10/25 Bulls Need Strong BO Above Sept 17 High
Wednesday’s candlestick (Oct 8) was a big bull bar closing in its upper half with a prominent tail above.
In our last report, we stated that traders would observe whether the bulls can create more follow-through buying above the 20-day EMA, or if the market would trade higher but stall below the September 17 high instead.
The market traded higher to test the September 17 high but closed slightly below it.
The bulls view the recent move (Sep 23) as a deeper two-legged pullback and want a reversal from a double bottom bull flag (Aug 29 and Sep 23) and a large double bottom bull flag (Aug 4 and Sep 23).
They want the pullback to lack follow-through selling, forming a higher low. So far, this is the case.
They want a retest of the August high, even if it only forms a lower high. The move is underway.
They must create a strong breakout above the September 17 high to increase the odds of testing the August high.
The bears got a deep pullback and a breakout below the tight trading range (Sep 23), but the move lacked sustained follow-through selling.
They see the current move as a pullback and want the September 17 high to act as resistance.
They want a reversal from a large double top bear flag (Sept 17 and Oct 8), and a lower high major trend reversal.
They need to create strong bear bars to show they are back in control.
Production for Oct should be down. SPPOMA's first 5 days increased up 12%.
Refineries' appetite to buy remains decent.
Export: Oct down in the first 5 days.
For today (Thursday, Oct 9), traders will see if the bulls can create more follow-through buying above the September 17 high.
Or will the market stall around the September 17 high instead?
Andrew
7/10/25 Bulls Still Need FT Buying Above 20-day EMA
Monday’s candlestick (Oct 6) had a small bear body closing in its upper half with a long tail below.
In our last report, we stated that traders would observe whether the bulls could create more follow-through buying above the 20-day EMA, or if the market would stall and reverse below the 20-day EMA instead.
The market traded lower below the 20-day EMA but reversed to close above it.
The bulls view the recent move (Sep 23) as a deeper two-legged pullback and want a reversal from a double bottom bull flag (Aug 29 and Sep 23) and a large double bottom bull flag (Aug 4 and Sep 23).
They view the recent move (Sept 30) as a retest of the prior low (Sept 23), and want the pullback to lack follow-through selling, forming a higher low. So far, this is the case.
They want a retest of the August high, even if it only forms a lower high.
They must create follow-through buying above the 20-day EMA to increase the odds of the market trading higher.
The bears got a deep pullback and a breakout below the tight trading range (Sep 23), but the move lacked sustained follow-through selling.
They see the current move as a pullback and want the 20-day EMA to act as resistance.
They want a reversal from a large double top bear flag (Sept 17 and Oct 3), followed by another sideways to down leg to complete the wedge pattern.
They need to create strong bear bars below the 20-day EMA to increase the odds of a reversal.
Production for Oct should be down. SPPOMA's first 5 days increased up 12%.
Refineries' appetite to buy remains decent.
Export: Oct down in the first 5 days.
For today (Tuesday, Oct 7), traders will see if the bulls can create more follow-through buying above the 20-day EMA.
Or will the market stall around the 20-day EMA area and reverse below it instead?
Andrew
6/10/25 Bulls Need FT Buying Above the 20-Day EMA
Friday’s candlestick (Oct 3) was a bear bar closing near its low with a long tail above.
In our last report, we stated that traders would observe whether the bulls can create a strong bull bar closing near its high, or if the market would stall and reverse below the 20-day EMA instead.
The market traded higher but reversed to close with a bear body, but still above the 20-day EMA.
The bulls view the recent move (Sep 23) as a deeper two-legged pullback and want a reversal from a double bottom bull flag (Aug 29 and Sep 23) and a large double bottom bull flag (Aug 4 and Sep 23).
They view the recent move (Sept 30) as a retest of the prior low (Sept 23), and want the pullback to lack follow-through selling, forming a higher low. So far, this is the case.
They want a retest of the August high, even if it only forms a lower high.
They must create follow-through buying above the 20-day EMA to increase the odds of the market trading higher.
The bears got a deep pullback and a breakout below the tight trading range (Sep 23), but the move lacked sustained follow-through selling.
They see the current move as a pullback and want the 20-day EMA to act as resistance.
They want the market to form a double top bear flag with the Sept 26 high, followed by another sideways to down leg to complete the wedge pattern.
They need to create strong bear bars below the 20-day EMA to increase the odds of a reversal.
Production for Oct should be down.
Refineries' appetite to buy remains decent.
Export: Oct export remains to be seen.
The weekly candlestick closed with a bull body in its upper half. The bulls need to create follow-through buying this week to increase the odds of testing the August high.
For tomorrow (Monday, Oct 6), traders will see if the bulls can create more follow-through buying above the 20-day EMA.
Or will the market stall and reverse below the 20-day EMA instead?
Andrew
3/10/25 Can Bulls Get a Strong Weekly Candlestick?
Thursday’s candlestick (Oct 2) was a follow-through bull bar closing in its upper half with a prominent tail above.
In our last report, we stated that traders would observe whether the bulls could create more follow-through buying, closing above the 20-day EMA, or if the market would test near the 20-day EMA but stall and trade lower instead.
The market traded higher and closed above the 20-day EMA.
The bulls view the recent move (Sep 23) as a deeper two-legged pullback and want a reversal from a double bottom bull flag (Aug 29 and Sep 23) and a large double bottom bull flag (Aug 4 and Sep 23).
They view the recent move (Sept 30) as a retest of the prior low (Sept 23), and want the pullback to lack follow-through selling, forming a higher low. So far, this is the case.
They want a retest of the August high, even if it only forms a lower high.
They must create follow-through buying above the 20-day EMA to increase the odds of the market trading higher.
The bears got a deep pullback and a breakout below the tight trading range (Sep 23), but the move lacked sustained follow-through selling.
They see the current move as a pullback and want the 20-day EMA to act as resistance.
They want the market to form a double top bear flag with the Sept 26 high.
They need to create strong bear bars below the 20-day EMA to increase the odds of a reversal.
Production for Oct should be down.
Refineries' appetite to buy remains decent.
Export: Oct export remains to be seen.
The bulls want a strong bull bar today so that the weekly candlestick will close near its high and above last week's high. If this is the case, odds slightly favor next week to trade at least a little higher.
The bears want a strong bear bar closing below the 20-day EMA today, so that the weekly candlestick will close as a doji or with a small bear body, reducing the recent bullishness.
For today (Friday, Oct 3), traders will see if the bulls can create a strong bull bar closing near its high. If they do, the weekly candlestick will close near its high, which will increase the bullishness for next week.
Or will the market stall and reverse below the 20-day EMA instead?
Andrew
2/10/25 Bulls Need Strong Close Above 20-Day EMA
Wednesday’s candlestick (Oct 1) was a bull bar closing in its upper half with a prominent tail above.
In our last report, we stated that traders would observe whether the bears could create more follow-through selling testing near the Sept 23 low, or if the move would start to stall at a higher low, followed by a reversal above the 20-day EMA in the weeks ahead.
The market stalled at a higher low (vs Sep 23) so far, and traded higher for the day.
The bulls view the recent move (Sep 23) as a deeper two-legged pullback and want a reversal from a double bottom bull flag (Aug 29 and Sep 23) and a large double bottom bull flag (Aug 4 and Sep 23).
They view the recent move (Sept 30) as a retest of the prior low (Sept 23), and want the pullback to lack follow-through selling, forming a higher low. So far, this is the case.
They want a retest of the August high, even if it only forms a lower high.
They must create follow-through buying above the 20-day EMA to increase the odds of the market trading higher.
The bears got a deep pullback and a breakout below the tight trading range (Sep 23), but the move lacked sustained follow-through selling.
They then got a small second leg sideways to down leg to retest the Sept 23 low, and the move formed a higher low (Sep 30) so far.
They see the current move as a pullback and want the 20-day EMA to act as resistance. They want the market to form a double top bear flag with the Sept 26 high.
They need to create strong follow-through selling below the 20-day EMA to increase the odds of a reversal.
Production for Oct should be down.
Refineries' appetite to buy remains decent.
Export: Oct export remains to be seen.
For today (Thursday, Oct 2), traders will see if the bulls can create more follow-through buying, closing above the 20-day EMA.
Or will the market test near the 20-day EMA but stall and trade lower instead?
Andrew
1/10/25 Can Bears Get More FT Selling or Start to Stall?
Tuesday’s candlestick (Sept 30) was a bear bar closing in its lower half with a prominent tail below.
In our last report, we stated that traders would observe whether the bears could create strong follow-through selling, testing near the Sept 23 low, or if the move would lack follow-through selling and instead be followed by a reversal above the 20-day EMA.
The market continues to trade slightly lower, and the bears got some follow-through selling.
The bulls view the recent move (Sep 23) as a deeper two-legged pullback and want a reversal from a large double bottom bull flag (Aug 29 and Sep 23).
They want the pullback to lack follow-through selling, forming a higher low.
They see the current move (Sept 30) as a retest of the prior low (Sep 23), and want it to form a higher low.
They want a retest of the August high, even if it only forms a lower high.
They must create follow-through buying above the 20-day EMA to increase the odds of the market trading higher.
The bears got a deep pullback and a breakout below the tight trading range, but the move lacked sustained follow-through selling.
They want at least a small second leg sideways to down leg to retest the Sept 23 low.
So far, the second leg sideways to down is still a higher low (Sep 30).
They need to create strong follow-through selling to increase the odds of retesting the Sept 23 low.
Production for Oct should be down.
Refineries' appetite to buy remains decent.
Export: Sept: export +9% per ITS.
The monthly candlestick closed as a bear bar in its lower half with a prominent tail below.
There is a 5-bar bull microchannel on the monthly candlestick indicating persistent buying. There may be buyers below the first pullback.
For tomorrow (Wednesday, Oct 1), traders will see if the bears can create more follow-through selling testing near the Sept 23 low.
Or will the move start to stall at a higher low, followed by a reversal above the 20-day EMA in the weeks ahead instead?
Andrew
30/9/25 - Last Trading Day of The Month
Monday’s candlestick (Sept 29) was a small bear bar closing near its low with a long tail above.
In our last report, we stated that traders would observe whether the bears could create strong follow-through selling testing near the Sept 23 low, or if the move would lack follow-through selling, followed by a reversal above the 20-day EMA instead.
The market traded slightly lower and the follow-through selling is still limited.
The bulls view the recent move (Sep 23) as a deeper two-legged pullback and want a reversal from a large double bottom bull flag (Aug 29 and Sep 23).
They want the pullback to lack follow-through selling, as has been the case with all recent pullbacks (July 1 and August 4). So far, this appears to be the case.
They want the move (Sep 23) to turn into a bear trap.
They want a retest of the August high, even if it only forms a lower high.
They must create follow-through buying above the 20-day EMA to increase the odds of the market trading higher.
The bears got a deep pullback and a breakout below the tight trading range, but the move lacked sustained follow-through selling.
They want the 20-day EMA to act as resistance, followed by at least a small second leg sideways to down leg to retest the Sept 23 low.
So far, the second leg sideways to down is weak (Sep 29), and forming a higher low.
They need to create strong follow-through selling to increase the odds of retesting the Sept 23 low.
Production for Sept should be flat or down. Oct's production should be flat to down as well.
Refineries' appetite to buy remains decent.
Export: Sept: First 25 days +12% per ITS.
The monthly candlestick will close after tomorrow's session. The bulls want the monthly candlestick to close with a bull body, while the bears want a bear body.
Tomorrow will determine whether the monthly candlestick will close bullish, bearish or neutral.
For tomorrow (Tuesday, Sept 30), traders will see if the bears can create strong follow-through selling testing near the Sept 23 low.
Or will the move lack follow-through selling, followed by a reversal above the 20-day EMA instead?
29/9/25 - Next 2 Days Will Determine the Monthly Candlestick
Friday’s candlestick (Sept 26) was an outside bear bar closing near its low with a long tail above.
In our last report, we stated that traders would see if the bulls can create strong follow-through buying, closing above the 20-day EMA, or if the market would stall around the 20-day EMA (around the 4450 area), closing below the 20-day EMA instead.
The market traded higher to test the 4450 area but lacked follow-through buying, reversing to close below the 20-day EMA.
The bulls view the recent move as a deeper two-legged pullback and want a reversal from a large double bottom bull flag (Aug 29 and Sep 23).
They want the pullback to lack follow-through selling, as has been the case with all recent pullbacks (July 1 and August 4). So far, this appears to be the case.
They want the move (Sep 23) to turn into a bear trap.
They want the breakout from the trading range to fail, reversing back into the trading range (around the 4450 area).
They want a retest of the August high, even if it only forms a lower high.
They must create follow-through buying above the 20-day EMA to increase the odds of the market trading higher.
The bears got a deep pullback and a breakout below the tight trading range, but the move lacked sustained follow-through selling.
The bears hope that the current move (Sept 26) is a retest of the breakout point.
They want the 20-day EMA to act as resistance, followed by at least a small sideways to down leg to retest the Sept 23 low.
They need to create strong follow-through selling early next week.
Production for Sept should be flat or down. Oct's production should be flat to down as well.
Refineries' appetite to buy remains decent.
Export: Sept: First 25 days +12% per ITS.
The monthly candlestick will close after Tuesday's session. The bulls want the monthly candlestick to close with a bull body, while the bears want a bear body.
The next two trading days will determine whether the monthly candlestick will close bullish, bearish or neutral.
For tomorrow (Monday, Sept 29), traders will see if the bears can create strong follow-through selling testing near the Sept 23 low.
Or will the move lack follow-through selling, followed by a reversal above the 20-day EMA instead?
Andrew
26/9/25 Bulls Want Strong Weekly Candlestick
Thursday’s candlestick (Sept 25) was a bull bar closing near its high with a small tail above.
In our last report, we stated that traders would see if the bulls could create strong follow-through buying, closing above the 20-day EMA, or if the market would stall around the 20-day EMA (around the 4450 area), followed by a second leg sideways to down to retest the Sept 23 low instead.
The market traded higher to test 4450, but has not closed above it yet.
The bulls view the recent move as a deeper two-legged pullback and want a reversal from a large double bottom bull flag (Aug 29 and Sep 23).
They want the pullback to lack follow-through selling, as has been the case with all recent pullbacks (July 1 and August 4). So far, this appears to be the case.
They want the move (Sep 23) to turn into a bear trap.
They want the breakout from the trading range to fail, reversing back into the trading range (around the 4450 area). The market is now trading around this area.
Next, the bulls want the market to close above the 20-day EMA. They want the weekly candlestick to close as a strong bull bar near its high with a long tail above.
They must create a strong bull bar tomorrow to end the week on a high note.
The bears got a deep pullback and a breakout below the tight trading range, but the move lacked sustained follow-through selling.
The bears hope that the current move is a retest of the breakout point.
They want the 20-day EMA to act as resistance, followed by at least a small sideways to down leg to retest the Sept 23 low.
If the market trades higher, they want the 4500-50 area to act as resistance, forming a lower high and a double top.
They need to create strong bear bars to show they are in control.
Production for Sept should be flat or down. Oct's production should be flat to down as well.
Refineries' appetite to buy remains decent.
Export: Sept: First 20 days +12% per ITS.
So far, the market has reversed back into the trading range, which is a magnet.
The bulls want Friday to close as a strong bull bar. If they get this, the weekly candlestick will close near its high with a long tail below, increasing the odds of next week trading at least a little higher.
The bears want Friday to close as a strong bear bar. They want the weekly candlestick to close with a bear body and below the middle of its range.
For tomorrow (Friday, Sept 26), traders will see if the bulls can create strong follow-through buying, closing above the 20-day EMA.
Or will the market stall around the 20-day EMA (around the 4450 area), closing below the 20-day EMA instead?
Andrew
25/9/25 No FT Selling, Bulls Want Close Above 20-Day EMA
Wednesday’s candlestick (Sept 24) was an inside bull bar closing near its high.
In our last report, we stated that traders would see if the bears can create follow-through selling, even if it is only a bear doji, or if the market would close with a bull body, testing near the recent tight trading range (the 4400 area) instead.
The bears were not able to create sustained follow-through selling. The market tested above the 4400 area in the night session.
The bulls view the recent move as a deeper two-legged pullback and want a reversal from a large double bottom bull flag (Aug 29 and Sep 23).
They want the pullback to lack follow-through selling, as has been the case with all recent pullbacks (July 1 and August 4). So far, this appears to be the case.
They want the move (Sep 23) to turn into a bear trap.
They want the breakout to fail, reversing back into the trading range (around the 4450 area). The market tested the 4450 in the night session.
Next, the bulls want the market to close above the 20-day EMA. They want the weekly candlestick to close as a strong bull bar near its high with a long tail above.
They must create more follow-through buying over the next two days.
The bears got a deep pullback and a breakout below the tight trading range, trading below the 20-day EMA and the bull trend line.
However, the move lacked sustained follow-through selling.
The bears hope that the current move is a retest of the breakout point.
They want the 20-day EMA to act as resistance, followed by at least a small sideways to down leg to retest the Sept 23 low.
They need to create strong bear bars to increase the odds of a reversal.
Production for Sept should be flat or down. Oct's production should be flat to down as well.
Refineries' appetite to buy remains decent.
Export: Sept: First 20 days +8% per ITS.
So far, the market has broken out below the tight trading range, but follow-through selling has been limited.
For tomorrow (Thursday, Sept 25), traders will see if the bulls can create strong follow-through buying, closing above the 20-day EMA.
Or will the market stall around the 20-day EMA (around 4450 area), followed by a second leg sideways to down to retest the Sept 23 low instead?
Andrew
24/9/25 Can Bears Create FT Selling or Fail To Do So?
Tuesday’s candlestick (Sept 23) was a big bear bar closing around the middle of its range with a long tail below.
In our last report, we stated that traders would observe whether the bears could get a strong bear bar closing near its low, or if there would be a prominent tail below the daily candlestick, indicating some profit-taking activity.
The market gap down further in the morning, but lacked follow-through selling. The market traded sideways to up for the day.
The bulls view the current move as a deeper two-legged pullback and want a reversal from a large double bottom bull flag (Aug 29 and Sep 23).
They want the pullback to lack follow-through selling, as has been the case with all recent pullbacks (July 1 and August 4).
They want the move (Sep 23) to turn into a bear trap.
They want the breakout to fail, reversing back into the trading range (around the 4450 area).
They must create strong bull bars to show they are back in control.
The bears got a deep pullback from a larger double top bear flag (Sept 9 and Sept 17).
They got a breakout below the recent tight trading range, trading below the 20-day EMA and the bull trend line.
The long tail below today's candlestick indicates the bears are not yet as strong as they could be.
They need sustained follow-through selling to increase the odds of a reversal.
Production for Sept should be flat or down. Oct's production should be flat to down as well.
Refineries' appetite to buy remains decent.
Export: Sept: First 20 days +8% per ITS.
So far, the bears have managed to break out of the tight trading range.
Traders will see if the bears can create follow-through selling, or they will fail to do so, as seen in recent major pullbacks (July 1 and August 4).
For tomorrow (Wednesday, Sept 24), traders will see if the bears can create follow-through selling, even if it is only a bear doji.
Or will the market close with a bull body, testing near the recent tight trading range (the 4400 area) instead?
Andrew
23/9/25 Strong Breakout from Tight Trading Range
Monday’s candlestick (Sept 22) was a bull doji closing in its lower half with a long tail above.
In our last report, we stated that traders would see if the bears could create follow-through selling below the 20-day EMA, or if the move would lack follow-through selling (again), reversing above the 20-day EMA later in the week.
The market traded higher to test the 20-day EMA but reversed and closed below it. The market gap down and sold off during the night session.
The bulls see the current move as a deeper pullback.
They want the pullback to lack follow-through selling, as has been the case with all recent pullbacks (July 1 and August 4).
They must create strong bull bars to show they are back in control.
The bears view the move (Sep 17) as forming a larger double top bear flag (Sept 9 and Sept 17).
They got a breakout below the recent tight trading range, trading below the 20-day EMA and the bull trend line.
They need sustained follow-through selling to increase the odds of a strong reversal.
Production for Sept should be flat or down. Oct's production should be flat to down as well.
Refineries' appetite to buy remains decent.
Export: Sept: First 20 days +8% per ITS.
So far, the bears have managed to break out of the tight trading range. The market could still trade sideways to down for now.
For tomorrow (Tuesday, Sept 23), traders will see if the bears get a strong bear bar closing near its low. If this is the case, the market could still trade lower on Wednesday.
Or will there be a prominent tail below the daily candlestick, indicating some profit-taking activity?
Andrew
22/9/25 Bears Need FT, Can They Do It?
Friday’s candlestick (Sept 19) was an inside doji closing in its lower half with a long tail above.
In our last report, we stated that traders would observe whether the bears could create a strong bear bar closing near its low, or if the market would trade sideways to up instead.
The market traded higher to test the 20-day EMA but reversed and closed near its low. The weekly candlestick closed as a bear bar with a small tail below.
The bulls want the 20-day EMA and the bull trend line to act as support. They want the current move to form a bear trap.
They want the pullback to be weak and sideways, lacking follow-through selling, as has been the case with all recent pullbacks (Jul 1 and Aug 4).
They want it to form a wedge bull flag (Aug 29, Sep 10, and Sep 18).
They must create follow-through buying above the 20-day EMA to increase the odds of a retest and a breakout above the August high.
The bears view the move (Sep 17) as forming a larger double top bear flag (Sept 9 and Sept 17).
They need to create strong follow-through selling, trading below the 20-day EMA and the bull trend line to increase the odds of a sustained move.
Production for Sept should be flat or down.
Refineries' appetite to buy remains decent.
Export: Sept: First 15 days +2.55% per ITS.
So far, the market has been trading sideways with poor follow-through and frequent reversals. This is a hallmark of a trading range.
For tomorrow (Monday, Sept 22), traders will see if the bears can create follow-through selling below the 20-day EMA.
Or will the move lack follow-through selling (again), reversing above the 20-day EMA later in the week?
Andrew
FCPO Weekly Roundup: Week Ending Sep 19, 2025📊 The Technical Take
The charts show a classic standoff between long-term strength and short-term indecision!
📈 Long-Term Bullish: The big picture (weekly chart) shows a powerful **"Cup and Handle"** pattern forming. This is a very strong bullish sign for the months ahead! ☕️
🧘 Short-Term Pause: The daily chart shows the price is coiling tightly in a "Symmetrical Triangle"
🔺 The market is taking a breather and building energy for its next big move.
🌍 The Fundamental Story
It's a classic tug-of-war between strong demand and rising supply.
🟢 THE BULLS (Demand):
🟢 India's Unstoppable Demand: India 🇮🇳 is currently the powerhouse driver of the market. Imports surged by over 15% in August to a 13-month high! This is fueled by massive restocking for their festive season and palm oil's significant price advantage over competing oils. This strong demand is expected to continue, absorbing any new supply.
💰 Good Price : Palm oil's price advantage over soyoil is keeping buyers interested.
💧 The Biodiesel Boost : Don't forget the structural demand! Government mandates in both Indonesia and Malaysia for higher biofuel blending (B40) are permanently removing millions of tons of palm oil from the food market, creating a tighter long-term supply balance that is very supportive of higher prices.
🌏 Strong Global Exports : Beyond India, overall export numbers from Malaysia have been improving, showing that global demand remains robust and is successfully absorbing the seasonal increase in production.
🔴 THE BEARS (Supply) :
- 🌿 Harvest Pressure : It's peak production season in Malaysia & Indonesia, meaning more supply is hitting the market.
- 📦 Stocks are Up : Inventories in Malaysia are at a 2-year high.
👀 Outlook for the Week Ahead
The market is perfectly balanced and waiting for a catalyst. The key is to watch the symmetrical triangle on the daily chart!
🎯 Bullish Scenario : A breakout **ABOVE** the triangle signals that strong demand is winning. This could kick off the next leg up!
⚠️ Bearish Scenario : A breakdown **BELOW** the triangle would mean that supply pressure is taking over, and we could see a deeper price correction.
In short: The market is coiled like a spring. Watch for the breakout to see which way it pops! 🚀
19/9/25 Can Bears Get FT Selling or Fail Again?
Thursday’s candlestick (Sept 18) was a consecutive bear bar closing in its lower half with a long tail below.
In our last report, we stated that traders would observe whether the bears could create sustained follow-through selling below the 20-day EMA or if the market would trade slightly lower but then reverse back above the 20-day EMA.
The market traded lower to test the August 29 low, but closed off its low.
The bulls want the 20-day EMA and the bull trend line to act as support. They want the current move to form a bear trap.
They want the pullback to be weak and sideways, lacking follow-through selling, as has been the case with all recent pullbacks (Jul 1 and Aug 4).
They want it to form a wedge bull flag (Aug 29, Sep 10, and Sep 18).
They must create follow-through buying above the 20-day EMA to increase the odds of a retest and a breakout above the August high.
The bears view the move (Sep 17) as forming a larger double top bear flag (Sept 9 and Sept 17).
They need to create strong follow-through selling, trading below the 20-day EMA and the bull trend line to increase the odds of a sustained move.
Production for Sept should be flat or down.
Refineries' appetite to buy remains decent.
Export: Sept: First 15 days +2.55% per ITS.
So far, the market has been trading sideways with poor follow-through and frequent reversals. This is a hallmark of a trading range.
For tomorrow (Friday, Sept 19), traders will see if the bears can create a strong bear bar closing near its low. If they can, the weekly candlestick will close near its low, increasing the odds of next week trading at least a little lower.
Or will the market trade sideways to up instead? If the market closes higher, the weekly candlestick will close with a long tail below or above the middle of its range, reducing the recent bearishness.
Andrew